(1) Divisions in which, at a minimum, one of the companies involved is subject to the laws of another Member State of the European Union or of some other Contracting Party to the Agreement on the European Economic Area (cross-border divisions), are, within the meaning of the present Act, exclusively the following:
1. divisions for purposes of new formation within the meaning of section 123 (1) no. 2, (2) no. 2 or (3) no. 2 as well as,
2. subject to the stipulations of section 332, divisions for purposes of absorption within the meaning of section 123 (1) no. 1, subsection (2) no. 1 or subsection (3) no. 1.
(2) Unless the stipulations of the present Part lead to a different conclusion, the provisions of Part 1 of Book 3 and those of Divisions 2 and 3 of Part 2 of Book 3 are to be applied accordingly to the involvement of a share capital company (section 3 (1) no. 2) in a cross-border division.
(3) Section 143 is not to be applied to cross-border divisions.